Wednesday 3 September 2014
 
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China to buy larger share of GCC exports

Gulf Co-operation Council (GCC) export to China is growing in Saudi Arabia, Qatar, UAE and Oman and is set to increase in Kuwait next year, according to an expert. A deal announced in mid-August between Kuwait Petroleum Corp (KPC)

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Wage hike for Bahrainis in hospitality sector

Bahrainis working in the kingdom's hospitality sector are in line to benefit from an increased minimum wage. A proposal to raise the minimum salary for the sector to BD300 ($773.50) was approved by the Cabinet yesterday (Augus

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Qatar Airways increases Dubai flights

Qatar Airways is set to add additional daily flights to Dubai International Airport (DXB) and Dubai World Central Al Maktoum International Airport (DWC) from October 26, said a report. The frequency of the carrier’s services

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Mideast, Africa hotel occupancy hits 49pc in July

The Middle East and Africa (MEA) region has reported a 0.9 per cent increase in hotel occupancy rates to 49.3 per cent in July, according to STR Global data. It said there was a 6.9 per cent increase in average daily rate to $156.54 and

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Sharjah airport Q2 passenger numbers up 23pc

Sharjah International Airport saw a 23.1 per cent spike in passenger numbers during the second quarter of this year, on the back of new route capacity and a runway closure at Dubai International. Several airlines switched operatio

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Rolls-Royce records 39pc rise in sales in Doha

Rolls-Royce Motor Cars Doha has recorded a 39 per cent increase in sales for the first half of the year, compared to the same period last year, said the report. The Rolls-Royce Wraith was the key driver of this steady sales perfor

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GCC inflation rates up on higher housing prices

Inflation rates jumped across GCC states between 1.21 per cent and 3.1 per cent in the six months ending June this year, driven by higher housing and utility costs. The latest inflation figures issued by the Statistical Centre for

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GCC inflation rates up on higher housing prices

Inflation rates jumped across GCC states between 1.21 per cent and 3.1 per cent in the six months ending June this year, driven by higher housing and utility costs. The latest inflation figures issued by the Statistical Centre for

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Bahrain to increase visa fees from October

Visa fees are set to increase for everyone entering Bahrain from October, excluding labourers and domestic workers. This was announced by the Interior Ministry's General Directorate for Nationality, Passports and Residence Aff

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GFH's net profit soars 152pc to $10.6m

Bahrain-based Gulf Finance House (GFH), an Islamic investment bank, has posted a 152 per cent rise in consolidated net profit to $10.6 million for the first half ended June 30, compared with $4.2 million for the prior year period. The b

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